Johnson & Johnson (JNJ)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 55,893,000 | 53,249,000 | 57,817,000 | 57,002,000 | 53,495,000 | 53,703,000 | 60,567,000 | 64,388,000 | 55,294,000 | 65,236,000 | 63,847,000 | 60,424,000 | 60,979,000 | 59,889,000 | 53,769,000 | 52,533,000 | 51,237,000 | 57,578,000 | 45,892,000 | 44,226,000 |
| Total current liabilities | US$ in thousands | 50,321,000 | 51,759,000 | 53,933,000 | 48,725,000 | 46,282,000 | 44,370,000 | 54,170,000 | 60,373,000 | 55,802,000 | 45,543,000 | 44,821,000 | 43,390,000 | 45,226,000 | 44,561,000 | 38,721,000 | 40,932,000 | 42,493,000 | 38,847,000 | 36,772,000 | 33,689,000 |
| Current ratio | 1.11 | 1.03 | 1.07 | 1.17 | 1.16 | 1.21 | 1.12 | 1.07 | 0.99 | 1.43 | 1.42 | 1.39 | 1.35 | 1.34 | 1.39 | 1.28 | 1.21 | 1.48 | 1.25 | 1.31 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $55,893,000K ÷ $50,321,000K
= 1.11
The current ratio of Johnson & Johnson, a measure of its short-term liquidity and ability to cover its current liabilities with its current assets, has exhibited some fluctuations over the period from March 31, 2020, to December 31, 2024.
The ratio reached its highest point of 1.48 on September 30, 2020, indicating the company had $1.48 in current assets for every $1 in current liabilities at that time. This suggests a strong ability to meet its short-term obligations.
Subsequently, the ratio decreased to 0.99 by December 31, 2022, which may raise concerns about the company's liquidity position as its current assets may not be sufficient to cover its current liabilities.
Thereafter, the current ratio improved gradually, reaching 1.11 by December 31, 2024. However, it is still slightly lower compared to the ratios observed in the earlier periods.
Overall, the current ratio of Johnson & Johnson has demonstrated some variability over the years, signifying changes in its short-term liquidity position. Investors and stakeholders should continue to monitor this ratio to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024